Restaurant Space for Lease in Vancouver

Forgot password Extend Verify Contact
Main Photo: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
Photo 1: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
Photo 2: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
Photo 3: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
Photo 4: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
Photo 5: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
Photo 6: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
Status:
Active
Prop. Type:
Commercial Lease
MLS® Num:
C8060128
Build. Type:
Mixed Use
Situated at the highly visible southeast corner of Rupert Street and East 23rd Avenue, this property at 22 Terrace boasts a premier location in Renfrew Heights. Anchored by Chong Lee Market, the commercial units at 22 Terrace cater to the 98 residential homes above and the surrounding family oriented neighborhood. The property also features 67 underground parking stalls dedicated to the commercial sector for shopping convenience. 3898 Rupert has been approved for a Class 1 restaurant, with venting already roughed-in. The property is a mere 15-minute drive from downtown Vancouver and a 20-minute drive from the Vancouver International Airport. Nearby SkyTrain stations, including Rupert Station and 29th Ave. Stations enhance accessibility, providing easy connectivity to other areas in the lower mainland.
Sale Type:
Lease
Lease Type:
Net
Sublease:
Yes
Property Type:
Commercial Lease
Commercial Type:
Retail
Construction:
Other
Name of Complex/Subdivision:
22 Terrace
Building Type:
Mixed Use
Year built:
2023 (Age: 2)
Leasable Area:
3,151 sq. ft.
Retail Size:
3,151 sq. ft.
Minimum Divisible Area:
3,151 sq. ft.
Class Of Space:
Class A
Title to Land:
Freehold
Lot Area:
0 sq. ft.
Zoning:
Fencing:
# Of Parking Spaces - Total:
Road Frontage:
Heating:
Electricity:
No
Parcel Number:
800169855
No
2.5% OF 1ST YEAR'S BASIC RENT AND 1.5% OF BASIC FOR THE BALANCE OF THE LEASE TERM
Water Rights:
No
Roof:
Env Assmt Phase:
No
Cap Rate %:
Gross Income:
Oper. Expenses:
Other Income:
Effective Gross Income:
Net Operating Income:
Basic Rent per Annum per SF:
29.0
Additional Rent per Annum per SF:
18.0
Previous Price:
Original Price:
  • Photo 1: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
    Photo 1 of 6
  • Photo 2: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
    Photo 2 of 6
  • Photo 3: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
    Concept Rendering Restaurant
  • Photo 4: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
    Concept Rendering Restaurant
  • Photo 5: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
    Concept Rendering Patio; Rendering only, subject to patio permit approval process from COV
  • Photo 6: 3898 Rupert Street in Vancouver: Renfrew Heights Commercial Lease for sale in "22 Terrace" (Vancouver East)  : MLS®# C8060128
    Concept Rendering Pharmacy
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated April 8, 2025 at 03:40 AM (UTC)